New Silk Route Partners, an Asia-focused private equity fund, picked a minority stake in Varsity Education Management Pvt Ltd., a Hyderabad based educational services provider, as said by Jacob Kurian, one of the partners of the fund. He also said Education is one of the great sectors if you want to invest and capture India’s […]
HCL Technologies Ltd., India’s software services exporter saw a raise in the net profit by 43.3% to Rs 5.73 billion compared to last year which was Rs 4 billion. Due to stable demand for outsourcing technology services, HCL Technologies’ revenues descended by 34.9% to Rs 52.45 billion when the quarter ended on December 31. In […]
The Union Coal Ministry had advocated the change of pricing mechanism of Coal India Ltd in October 2011. The company (Coal India Ltd. – CIL) is now set to introduce the internationally-accepted gross calorific value (GCV) based mechanism for Coal pricing in India. Earlier the prices were decided based on the seven useful heat value […]
The Government has changed the import duty on both gold and silver. Silver import duty decreased a 6% from its previous value, Rs 1,500 per kilogram and import duty on gold altered a 2% value from its earlier Rs 300 per 10 grams. This announcement has brought a lot of changes in the market for […]
Looks like inflation is slowly and gradually on the decrease. Headline inflation fell to 7.47% from 9.11% in December, 2011 as measured by Wholesale Price Index (WPI). It is expected that these values will still fall to 6-7% by the end of this fiscal year, March 2012. Though food inflation declined to 3.36% by the […]
Vodafone India has connected with NM Rothschild, an investment bank to advice the company with its listing plans and assistance to clear the regulatory hurdles. They together are going to evaluate the price discovery and valuation, restructure the shareholding pattern and appoint the book-runners. Vodafone Group started their company as a telecom venture for USD […]
Essar Power is planning to enter the electricity distribution business and become an integrated power company. Essar Group spokesperson told that the company has already applied for licenses in both Maharashtra and Bihar. However a final decision and bidding commitment will be made only after a detailed analysis of the opportunity. A license application was […]
State bank of India received the Finance Ministry approval for a capital infusion of 60-80 billion rupees. Diwaker Gupta, chief financial officer, confirmed last month that the bank had received formal notification from the government on capital infusion. The bank, has sought Rs.200 billion since 2010 from Government to order to develop its capital base […]
